The stock has gained 61 per cent in just one week and has given a multibagger return of over 140 per cent from its 52-week low of Rs 600.20 per share.
Today, shares of Paras Defence and Space Technologies LimitedThe stock ended the day in the green, gaining 4.12 per cent to Rs 1,445.95 per share, with an intraday high of Rs 1,527.55 and an intraday low of Rs 1,374.50. The stock also made a new 52-week high of Rs 1,527.55 per share, jumping over 2.58 times on the BSE.
Paras Defence and Space Technologies Limited (PDST) is a leading private Indian company in the defence and space sector. They design, develop, manufacture and test a wide range of products and solutions for these critical sectors. PDST caters to four main sectors: Defence and Space Optics, Defence Electronics, Heavy Engineering and Electromagnetic Pulse (EMP) Protection Solutions.
This expertise allows them to serve a diverse clientele. They supply their products to both government and private entities. Some of their government clients include prestigious organizations such as the Indian Defense Forces (IDF), Defense Research and Development Organization (DRDO), Bharat Electronics Limited (BEL), Indian Space Research Organization (ISRO), Hindustan Aeronautics Limited (HAL), and various shipyards. In the private sector, they partner with companies such as Godrej, Tata Power, Larsen & Toubro, Kirloskar, TCS, and Solar Industries. Their reach also extends beyond India, including international clients such as Israel Aerospace Industries, Rafael Advanced Defense Systems, and Elbit Systems.
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Recently Abu Dhabi Investment Authority has bought 5,60,875 shares or 1.44 percent stake in it. multibagger Defence stock is valued at Rs 1,120.71 per share with a total valuation of Rs 62.86 crore. The market cap of the company is over Rs 5,600 crore and the 1 year stock price CAGR is 120 per cent. Quarterly Results In the quarterly results (Q4FY24) and annual results (FY24), the company reported positive numbers.
The company has an order book of Rs 600 crore. The stock has gained 61 per cent in just 1 week and has given a multibagger return of over 140 per cent from its 52-week low of Rs 600.20 per share. Investors should keep an eye on this Small cap Defence Stocks.
Disclaimer: This article is for informational purposes only, not investment advice
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